Industry & Economy
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Power
Over 100 cos show interest in energy exchange membership
Our Bureau
Mumbai, Jan. 10 The Indian Energy Exchange (IEX) has received expression of interest from over 100 companies for membership. Among them, over 50 are expected to complete compliances during the first phase of trading.
Some of the companies which have applied for membership include PTC, Tata Power Trading, Tata Power, Reliance Energy, Lanco, Adani, REC, IDFC, BGR Energy, Konaseema Gas Power, JSW Power Trading, DCM Shriram Consolidated, Monnet Ispat & Energy Ltd and state utilities such as Andhra Pradesh, Karnataka PCL, and MPPTCL.
In the first phase, IEX has planned a training programme from January 16-25 for members and users. The training programme will provide hands-on experience on the operations of the exchange and trading software at the IEX office in Mumbai.
Faculty from OMX Technology, Sweden will train over 200 participants spread across the industry. Promoted by Financial Technologies (India) Ltd and PTC India Ltd, the exchange received its formal approval from the Central Electricity Regulatory Commission in August last year.Mr Venkat Chary, Chairman, IEX, said “Millions of stakeholders in the power sector will benefit from the price and distribution efficiency brought about by power trading through the exchange. The price signals from day ahead trading on IEX will direct utilisation efficiency in power consumption, better allocation of power and greater grid discipline at the national level.”
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